Imports to Colombia declined 2.5 percent year-on-year to USD 4.08 billion in December 2019, after a 6.3 percent rise in the previous month, due to lower purchases of fuels & mining products (-23.6 percent), namely petroleum products & related (-30 percent); agricultural products, food & beverages (-3.5 percent), in particular raw inedible materials (-29.3 percent); and other sectors (-4.6 percent). On the other hand, purchases of manufactured goods rose 0.7 percent, of which machinery & transport equipment (3.6 percent). Main import partners were: the US (23.6 percent of total imports), China (23.2 percent), Mexico (7.4 percent), Brazil (6.9 percent) and Germany (3.6 percent). Considering 2019 as a whole, imports went down 2.9 percent to USD 52.7 billion compared to 2018.
Imports in Colombia averaged 1.87 USD Billion from 1980 until 2019, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in February of 1986. This page provides the latest reported value for - Colombia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Dane, Colombia
Imports in Colombia is expected to be 3.90 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Colombia to stand at 3.80 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.50 USD Billion in 2021, according to our econometric models.